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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?


To: Londo who wrote (270)3/31/2003 5:23:49 AM
From: RockyBalboa  Respond to of 666
 
Yes, agreed. The path of greatest fear isn't long or short, it is excess sigma, and some skewness (and also that longstanding relationships don't work, rendering "proven" strategies useless).

The European Bund is a bit off its heights losing some 10 pips, some traders overdid it a bit me thinks. The US treasury also shed a few 32s but that doesn't mean anything. I bet this is only that the traders have something to play with.



To: Londo who wrote (270)3/31/2003 7:46:07 AM
From: RockyBalboa  Read Replies (1) | Respond to of 666
 
you may get lucky. the SP trades 850 but it is off "only" 1.48% whereas the average European exchange loses 3%.

I'm doing a pair trade, shorting the nasdaq and buying a tech heavy European future, like Cac or Estx (which both are off 4% rather than the 1.8 shown by nasdaq). Should return 10-15% on margin if it pans out. OK here the trades, nasdaq is at 1032, Eurostucks at 2000 flat.